Advertisements The Ministry of Finance (MOF) has announced its plan to build a law on property tax but its controversial provision of a housing tax has raised public concern and even opposition in recent days. According to the MOF, the law is part of an effort to reform the tax system in a more inclusiveContinue reading “Constructive opinions should be heeded when drafting property tax law”
Category Archives: Finance
Techcombank Is Said Poised to Price $922 Million IPO at Top End
Advertisements Techcombank, the Vietnamese lender backed by Warburg Pincus, and some existing investors are poised to raise about 21 trillion dong ($922 million) in a domestic initial public offering, people with knowledge of the matter said. The bank is planning to price the sale of 164.1 million shares at 128,000 dong each, the top endContinue reading “Techcombank Is Said Poised to Price $922 Million IPO at Top End”
Vietnam’s HDBank to absorb PGBank in merger
Advertisements Vietnam’s Ho Chi Minh City Development Joint Stock Bank, better known as HDBank, said its shareholders approved on Saturday a plan to merge with the unlisted Petrolimex Group Commercial Joint Stock Bank as it seeks to expand operations in the country. The merger is scheduled to take place by August this year, the bankContinue reading “Vietnam’s HDBank to absorb PGBank in merger”
Vietnam, Japan audit agencies urged to lift cooperative ties
Advertisements President of the Audit Commission (AC) of Japan Teruhiko Kawato has suggested Vietnam and Japan elevate bilateral audit cooperative relations to a new height. President of the Audit Commission of Japan Teruhiko Kawato (L) and Auditor General of the State Audit Office of Vietnam Ho Duc Phoc in a recent meeting in Japan –Continue reading “Vietnam, Japan audit agencies urged to lift cooperative ties”
Vietnam stocks recover on strong bargain hunting
Advertisements Vietnamese shares rebounded on Friday morning as investors began bargain hunting, but the growth seemed unsustainable towards the afternoon session. The benchmark VN Index on HCM Stock Exchange was up 0.48 per cent to close at 1,099.91 points. It had fallen by 5.1 per cent in the previous two sessions and dropped as muchContinue reading “Vietnam stocks recover on strong bargain hunting”
Effective spending required for people’s acceptance of new property tax proposal
Advertisements The Ministry of Finance has proposed imposing a new tax on people who own property worth VNĐ700 million ($31,000) or more. The Ministry of Finance claims that the 0.4 per cent tax would bring in VNĐ31 trillion ($1.3 billion) per year and help Việt Nam “get in line with regulations on property tax ratesContinue reading “Effective spending required for people’s acceptance of new property tax proposal”
Stocks dip amid poor confidence
Advertisements Vietnamese shares nosedived on Thursday as investors remained pessimistic over the short-term market prospects while a bottom pickup near the day-end would not mean better sessions ahead for the stock market. The benchmark VN Index on the HCM Stock Exchange tumbled 3.86 per cent or nearly 44 points to end at 1,094.63 points. ItContinue reading “Stocks dip amid poor confidence”
HDBank Partners with EMQ to Boost Remittance Capabilities across Southeast Asia
Advertisements EMQ, a Fintech innovator with an extensive financial settlement network in Asia, and HDBank, one of Vietnam’s leading commercial banks, today announced a strategic partnership to penetrate into Vietnam. This partnership will support the growing demand for instant remittances across Southeast Asia. “This is an exciting milestone for EMQ and we are very pleasedContinue reading “HDBank Partners with EMQ to Boost Remittance Capabilities across Southeast Asia”
NH Investment & Securities Acquires Brokerage Business License in Vietnam
Advertisements South Korea’s NH Investment & Securities Co. has received a brokerage license from the Vietnamese government. The company announced on April 19 that Tran Van Dung, chairman of the State Securities Commission of Vietnam, personally visited its head office in Yeouido, Seoul, to award the license. NH Investment & Securities advanced into the VietnameseContinue reading “NH Investment & Securities Acquires Brokerage Business License in Vietnam”
Vietnam’s stock market: it’s the age of mid-cap stocks
Advertisements Vietnam stock indexes have gained new highs recently. However, the rise of large-cap stocks has stalled, while mid-caps are attracting cash flow again after a correction period. A report found that mid-cap stocks had the highest growth rate in the first six months of 2017, by 33 percent, higher than the 20 percent growthContinue reading “Vietnam’s stock market: it’s the age of mid-cap stocks”
Techcombank applies for listing in HoSE
Advertisements HCM Stock Exchange (HoSE) has received an application from Techcombank to list more than 1.16 billion shares on its bourse. According to HoSE, Bản Việt Securities Company has been selected as the consulting institution for Techcombank’s listing. Techcombank last week also launched the nation’s biggest initial public offering (IPO) that aims to raise asContinue reading “Techcombank applies for listing in HoSE”
TPBank to list 555mn shares on HSX
Advertisements Bank to list on April 19, with shares starting at VND32,000 ($1.4). There will be 555 million TPBank shares listed on the Ho Chi Minh Stock Exchange (HSX) on April 19 at a starting price of VND32,000 ($1.4) per share, according to an official announcement from the bank at a roadshow on April 12Continue reading “TPBank to list 555mn shares on HSX”
Vietnam stocks fall on investor caution
Advertisements Vietnamese shares were dragged down by strong profit-taking pressure yesterday while investors remained cautious towards the current trading outlook. The benchmark VN Index on the HCMC Stock Exchange dropped 1.28 per cent to close at 1,138.53 points, retreating from 0.4 per cent growth on Tuesday. The HNX Index on the Hà Nội Stock ExchangeContinue reading “Vietnam stocks fall on investor caution”
VIB reports PBT of over VND518 billion, retail banking income up 101%
Advertisements Vietnam International Bank (VIB) just announced its preliminary Q1 2018 business results. In the first quarter of the year, the bank’s profit before tax (PBT) surged strongly by nearly 230% year-on-year to more than VND518 billion, exceeding its established target for the quarter by 34%. The bank achieved a 49% hike of income dueContinue reading “VIB reports PBT of over VND518 billion, retail banking income up 101%”
Are The Bears Winning the Power Struggle For Vinacapital Vietnam Opportunity Fund Ld (VOF.L)?
Advertisements Vinacapital Vietnam Opportunity Fund Ld (VOF.L) shares have seen the Balance of Power trend lower over the past few sessions, indicating potential price moves are ahead. The Balance of Power (BOP), indicator was developed by Igor Livshin and it was introduced in the August 2001 issue of Stocks and Commodities Magazine. Balance of PowerContinue reading “Are The Bears Winning the Power Struggle For Vinacapital Vietnam Opportunity Fund Ld (VOF.L)?”